The price has room to rise to $33,445.
May that Bitcoin had fallen with strong bearish momentum after breaking down from a consolidating triangle chart pattern and entered what had historically been a very pivotal zone, from the support level at $28,607 to approximately $35k. I thought that if the price could get established below the support level at $28,607 it could quickly fall to $10k or even lower.
The price did get established below $28,607, but my call was not great as the price rebounded quite firmly and is now making a bullish consolidationI see Bitcoin’s recovery from the price area below $28,607 as technically significantIf the support level at $28,607 does not break down, I see the next likely price movement for Bitcoin as upwards to the next resistance level at $33,445.
I will be happy to take a long trade here if we get a retracement to $28,607 and a bullish bounce off that level.Top Forex Brokers
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
EUR/USD Forex Signal: Euro Heads to a 20-Year LowThe EUR/USD pair will likely have a bearish breakout and drop to the 20-year low of 1.0280.
続きを読む »
Forex Today: Risk-off on pause, dollar retreats modestlyWhat you need to take care of on Tuesday, May 17: The American dollar appreciated at the beginning of the week but ended the day with modest losses ag
続きを読む »
EUR/USD Forex Signal: Euro Heads to a 20-Year LowThe EUR/USD pair will likely have a bearish breakout and drop to the 20-year low of 1.0280.
続きを読む »
WTI Crude Oil Forecast: USD Rolls Over as Oil StrengthensThe US dollar initially rallied on Monday but gave back gains rather quickly as the WTI Crude Oil market strengthened.
続きを読む »
EUR/USD: Diminishing bets for a breakdown of 1.0340 – UOBLee Sue Ann and Quek Ser Leang, FX Strategists at UOB Group, noted that the probability of EUR/USD to break below 1.0340 seems to have lost momentum.
続きを読む »
EUR/USD Forecast: Euro recovery attempts to remain limitedEUR/USD has edged higher and steadied above 1.0400 in the early European session after having lost more than 100 pips last week. The risk-averse marke
続きを読む »